Last mentioned: Mar 19, 2026
Network Expansion
Expected increase in merchant onboarding to support higher withdrawal volumes.
Nationwide Rollout
Official announcement of the service availability across RNFI's Business Correspondent network in India.
Nationwide Rollout
Official announcement of the service availability across India via the Relipay platform.
Nationwide Rollout
Official launch of the service across RNFI's entire merchant network in India.
Nationwide Rollout
RNFI and Jio Payments Bank officially announce the scale-up of the service across India.
Pilot Phase Completion
Successful testing of UPI QR cash withdrawal within select RNFI merchant networks.
Pilot Phase
RNFI and Jio Payments Bank conduct successful testing of QR-based withdrawals.
Expected Scale
Anticipated surge in transaction volumes as rural adoption of QR cash-out increases.
Pilot Phase
RNFI and Jio Payments Bank conduct initial testing of QR-based cash withdrawals.
Pilot Phase
RNFI and Jio Payments Bank test QR-based cash withdrawals in select regions.
RNFI Services Limited has partnered with Jio Payments Bank to launch a nationwide cardless cash withdrawal service via its Relipay platform. Utilizing UPI QR codes, the initiative allows users to withdraw cash at authorized retail outlets without physical cards or biometric authentication.
RNFI Services has partnered with Jio Payments Bank to roll out a nationwide cardless cash withdrawal service via its Relipay platform. The service allows users to withdraw cash at merchant outlets using any UPI app and a QR code scan, targeting the last-mile cash needs of rural and semi-urban India.
RNFI Services Limited has partnered with Jio Payments Bank to launch a nationwide cardless cash withdrawal service via UPI QR codes. The initiative leverages RNFI's Relipay platform and merchant network to provide seamless cash access in rural and semi-urban markets without the need for physical ATM cards.
RNFI Services has partnered with Jio Payments Bank to roll out a nationwide cardless cash withdrawal service via UPI QR codes. The initiative enables customers to withdraw cash at retail outlets within RNFI's merchant network, bypassing the need for traditional ATMs or physical cards.
A new report by Boston Consulting Group (BCG) projects that India's e-commerce sector will surge to $300 billion by 2030. This growth is underpinned by rising digital infrastructure, the proliferation of affordable smartphones, and the transformative impact of the Unified Payments Interface (UPI).